Novartis Ag (NVS) Retained Earnings (2009 - 2026)
Novartis Ag (NVS) posted Retained Earnings of $40.86 billion for Q2 2026, down 1.0% from $41.25 billion a year earlier but up 8.0% from the prior quarter.
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Analysis
Novartis Ag (NVS) Retained Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025, Novartis Ag's Retained Earnings came in at $45.41 billion, up 4.9% from FY2024.
- Annual Retained Earnings shows a five-year compound annual growth rate of -4.0% (FY2020 to FY2025).
- In prior years, Novartis Ag's Retained Earnings was $43.31 billion in FY2024 (-5.6%), $45.88 billion in FY2023 (-21.6%), $58.54 billion in FY2022 (-12.4%) and $66.8 billion in FY2021 (+19.9%).
- Quarterly Retained Earnings has run from a low of $37.37 billion in Q3 2023 to a high of $66.8 billion in Q4 2021 over five years.
- On a year-over-year basis, Retained Earnings increased in five of the last eight quarters, with growth averaging 1.6%.
- The strongest year-over-year quarter for Retained Earnings in the past five years was Q1 2022, with growth of 22.2%; the weakest was Q3 2023, with a decline of 37.7%.
- According to Business Quant data, Retained Earnings for the three prior quarters was $37.82 billion (Q1 2026), $45.41 billion (Q4 2025) and $43.61 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 171.67 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | -17.33 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 63.27 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 40.86 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 12.59 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | -22.28 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 2.20 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 112.09 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 15.69 Bn |
| 10 | Bristol Myers Squibb | 127.55 Bn | 78.82 Bn | 9.25 Bn | 20.32 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.86 Bn |
| Mar 31, 2026 | 37.82 Bn |
| Dec 31, 2025 | 45.41 Bn |
| Sep 30, 2025 | 43.61 Bn |
| Jun 30, 2025 | 41.25 Bn |
| Mar 31, 2025 | 37.62 Bn |
| Dec 31, 2024 | 43.31 Bn |
| Sep 30, 2024 | 42.56 Bn |
| Jun 30, 2024 | 40.97 Bn |
| Mar 31, 2024 | 38.90 Bn |
| Dec 31, 2023 | 45.88 Bn |
| Sep 30, 2023 | 37.37 Bn |
| Jun 30, 2023 | 51.06 Bn |
| Mar 31, 2023 | 51.25 Bn |
| Dec 31, 2022 | 58.54 Bn |
| Sep 30, 2022 | 60.00 Bn |
| Jun 30, 2022 | 62.10 Bn |
| Mar 31, 2022 | 60.70 Bn |
| Dec 31, 2021 | 66.80 Bn |
| Sep 30, 2021 | 55.92 Bn |
API Access
Novartis Ag Retained Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=retained-earnings&ticker=NVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "ticker": "NVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=retained-earnings&ticker=NVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();